Regulator looks to tackle insurers' climate change risk

Posted On: Mar. 19, 2019 6:50 AM CST

U.K.'s Prudential Regulation Authority is expected to create a policy statement and survey for insurers to tackle climate change-related financial risks, Out-Law.com reported. David Rule, an official at the Prudential Regulation Authority, said that climate change-related disasters such as floods pose high risk to the property sector and insurers.